3919 Madison Ave Indianapolis, IN 46227

This exceptional 37,371 square foot shopping center in Indianapolis, Indiana presents a compelling investment opportunity. Boasting a strong 8.67% cap rate and a substantial net operating income (NOI) of $355,490, this property offers significant returns. The center is situated on a 7.76-acre lot at the hard corner of Madison and Hanna Avenues, providing exceptional visibility and accessibility. Currently housing two tenants, including BMV and Hope Academy, the property features a single, one-story building renovated in 2008. The convenient location, less than four miles from downtown Indianapolis and adjacent to the University of Indianapolis (with 5,600 students), ensures a consistent flow of customers. The property is zoned C-7 and offers ample parking with a ratio of 175 spaces per 1,000 square feet. The asking price is $4,100,000, translating to $109.71 per square foot. The property's APN is 49-11-25-107-013.000-501. This well-maintained shopping center represents a rare opportunity to acquire a high-performing asset in a desirable location. The property's strong tenant base, excellent visibility, and strategic location make it an ideal investment for discerning buyers.